Not surprised. Nope. Just got caught.
TPM:
Here's another good exchange, this one between Rep. Maxine Waters and Bank of America's Ken Lewis .
In one moment, Waters -- a longtime foe of rapacious lending practices, asks the CEOs whether, after receiving taxpayer money, they increased the interest rate on the credit card holders.
Lewis admits his firm did....
Also, Rep. Gary Ackerman gets JP Morgan CEO Jamie Dimon to admit that the $25 billion his firm got from the bailout did not trigger any new lending. Watch the vid -- it's around 3:25 mark.
1 comment:
As if interest rates aren't outrageous enough, that's really helping the middle class?!?
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